ProShares has unveiled two new exchange-traded funds (ETFs) offering exposure to the high yield and investment grade corporate bond markets. The ProShares Ultra High Yield will seek to provide 2x the daily performance of the Markit iBoxx $ Liquid High Yield Index. The ProShares Ultra Investment Grade Corporate will seek to provide 2x the daily performance of the Markit iBoxx® $ Liquid Investment Grade Index. The funds will be listed on the NYSE Arca.
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